With the $7.2 billion Nokia acquisition, Microsoft becomes a player in making smartphones.

The Finns are sore about this. Nokia is Finland’s flagship company. In 2010 Stephen Elop, a Canadian, left Microsoft to become the first foreign chief executive of Nokia. Now he’s headed back to Microsoft with a shot at becoming CEO and taking half of Nokia with him.

That is the sort of thing that happens when a company falls behind. In 2007 Nokia Login to read more